Business Foreign Currencies Account

Taking the advantage of Foreign Currencies fluctuation in the financial Markets by saving in advance in foreign currencies for future payment to your suppliers abroad

Key features and benefits:

• Variety choices of Foreign currencies i.e. USD, EUR, GBP, HKD, JPY, NZD, SGD, CHF,USD
• Alternative investment or saving at your preferred currency
• Eliminate exchange risk by paying the same currency that your supplier preferred
• Natural hedging mechanism to keep your business competitive
• Diversify your wealth by investing in other currencies.

Eligibility:

• Minimum initial deposit of USD 500; EUR 500; GBP 500; HKD 800; JPY 1,000; NZD 100; SGD 1,500; USD
• Minimum balance requirement of USD 500; EUR 500; GBP 500; HKD 2,000; JPY 1,000; NZD 3,000; SGD 2,000; 
• This account is applicable for both individual and non-individual

Required documents to open Business Foreign Currencies Account:

• National IDs/Passports of the authorized Signatories and Board of Director(s)
• Certificate of Incorporation
• Latest Memorandum and Articles of Association
• Letter of Approval from the Ministry of Industry (MOI)
• Annual Tax Declaration
• Latest Tax Certificate
• Original Board of Director (s) and Shareholders (s) resolution
• Other documentation may require depending on the type of institution.

      For individual, please refer to requirement for opening Individual Current Account.